Staff Report - City of Alexandria

Opinion of Cash Flow
The following table represents projections of gross operating performance for all options based
on revenue projections and expense estimates.
OPINION OF CASHFLOW
2011 2012 2013 2014 2015
Therapy
Project Cost $3,250,000
Attendance 9,613
Revenue $66,447 $68,808 $71,218 $73,677 $76,184
Expense $240,302 $246,309 $252,467 $258,778 $265,248
Operating Cashflow ($173,854) ($177,501) ($181,249) ($185,102) ($189,064)
Recapture Rate 28% 28% 28% 28% 29%
Capital Replacement Fund $16,300 $16,300 $16,300 $16,300 $16,300
Debt Service ($260,788) ($260,788) ($260,788) ($260,788) ($260,788)
Cashflow ($450,943) ($454,589) ($458,337) ($462,190) ($466,152)
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Small Family Aquatic Center
Project Cost $5,400,000
Attendance 25,560
Revenue $155,599 $161,391 $167,302 $173,330 $179,476
Expense $194,375 $199,235 $204,216 $209,321 $214,554
Operating Cashflow ($38,777) ($37,844) ($36,914) ($35,991) ($35,078)
Recapture Rate 80% 81% 82% 83% 84%
Capital Replacement Fund $27,000 $27,000 $27,000 $27,000 $27,000
Debt Service ($433,310) ($433,310) ($433,310) ($433,310) ($433,310)
Cashflow ($499,087) ($498,154) ($497,224) ($496,301) ($495,388)
Medium Family Aquatic Center
Project Cost $9,760,000
Attendance 56,554
Revenue $336,207 $348,981 $362,013 $375,303 $388,851
Expense $352,174 $360,978 $370,003 $379,253 $388,734
Operating Cashflow ($15,966) ($11,997) ($7,990) ($3,950) $117
Recapture Rate 95% 97% 98% 99% 100%
Capital Replacement Fund $48,800 $48,800 $48,800 $48,800 $48,800
Debt Service ($783,168) ($783,168) ($783,168) ($783,168) ($783,168)
Cashflow ($847,934) ($843,965) ($839,958) ($835,918) ($831,850)